Greece - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPetroleum Bitumen Price in Greece - 2023
Contents:
- Petroleum Bitumen Price in Greece (FOB) - 2023
- Petroleum Bitumen Price in Greece (CIF) - 2022
- Petroleum Bitumen Exports in Greece
- Petroleum Bitumen Imports in Greece
Petroleum Bitumen Price in Greece (FOB) - 2023
The average petroleum bitumen export price stood at $534 per ton in August 2023, surging by 6.7% against the previous month. Over the period under review, export price indicated a mild increase from August 2022 to August 2023: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, petroleum bitumen export price increased by +18.1% against April 2023 indices. The growth pace was the most rapid in April 2023 when the average export price increased by 20% month-to-month. Over the period under review, the average export prices attained the maximum in August 2023.
Average prices varied noticeably for the major foreign markets. In August 2023, the highest price was recorded for prices to Malta ($565 per ton) and France ($556 per ton), while the average price for exports to Algeria ($515 per ton) and Egypt ($518 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Bitumen Price in Greece (CIF) - 2022
In 2022, the average petroleum bitumen import price amounted to $362 per ton, falling by -5% against the previous year. Overall, the import price saw a noticeable decline. The growth pace was the most rapid in 2017 an increase of 69%. Over the period under review, average import prices attained the maximum at $573 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +5.0% per year.
Petroleum Bitumen Exports in Greece
In 2022, the amount of petroleum bitumen exported from Greece amounted to 1.2M tons, increasing by 4.1% on 2021. Over the period under review, exports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2020 when exports increased by 11% against the previous year. As a result, the exports reached the peak of 1.5M tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, petroleum bitumen exports skyrocketed to $588M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Petroleum Bitumen in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Togo | 83.9 | 93.6 | 119 | 178 | 28.5% |
Belgium | N/A | N/A | N/A | 67.2 | 0% |
Romania | 21.3 | 30.5 | 34.5 | 48.5 | 31.6% |
Egypt | 83.8 | 55.3 | 9.4 | 31.5 | -27.8% |
North Macedonia | 12.7 | 11.1 | 16.0 | 29.3 | 32.1% |
Bulgaria | 23.4 | 21.2 | 34.6 | 28.3 | 6.5% |
South Africa | N/A | N/A | N/A | 26.2 | 0% |
Algeria | 4.8 | 13.3 | N/A | 24.4 | 71.9% |
Cyprus | 8.8 | 5.9 | 24.0 | 18.0 | 26.9% |
Nigeria | N/A | N/A | N/A | 17.2 | 0% |
United States | 50.3 | 51.7 | 73.7 | 15.9 | -31.9% |
Morocco | 10.3 | 5.6 | 6.5 | 15.2 | 13.9% |
Lebanon | 12.8 | 3.9 | 6.7 | 14.3 | 3.8% |
Others | 118 | 98.9 | 158 | 73.8 | -14.5% |
Total | 430 | 391 | 482 | 588 | 11.0% |
Top Export Markets for Petroleum Bitumen from Greece in 2022:
- Togo (368.1K tons)
- Belgium (113.4K tons)
- Romania (98.0K tons)
- Egypt (71.2K tons)
- South Africa (56.7K tons)
- North Macedonia (55.5K tons)
- Bulgaria (53.9K tons)
- Algeria (52.3K tons)
- Cyprus (40.1K tons)
- United States (36.1K tons)
- Lebanon (33.1K tons)
- Morocco (33.0K tons)
- Nigeria (30.3K tons)
Petroleum Bitumen Imports in Greece
In 2022, overseas purchases of petroleum bitumen decreased by -94.1% to 240 tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 20,911% against the previous year. As a result, imports attained the peak of 17K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, petroleum bitumen imports declined significantly to $87K in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 11,506%. As a result, imports attained the peak of $5.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Petroleum Bitumen in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | N/A | 1.0 | 1.5 | 0.1 | -68.4% |
Serbia | N/A | 0.3 | N/A | N/A | 0% |
Turkey | N/A | 3.7 | N/A | N/A | 0% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | N/A | 5.1 | 1.5 | 0.1 | -86.0% |
Top Suppliers of Petroleum Bitumen to Greece in 2022:
- Italy (240.1 tons)
This report provides an in-depth analysis of the petroleum bitumen market in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for petroleum bitumen and their key statistics. Discover the leading countries and their import values, including the United States, China, and India. Get insights from the IndexBox market intelligence platform.